Buying a Manufactured Home: What you Need to Know

Buying a Manufactured Home What you Need to KnowAlthough buying a home is exciting, there are a few points to remember when you’re in the market for a manufactured home. These customizable homes offer a variety of benefits to the buyer; however, there are certain factors to consider before finalizing your purchase. To protect your investment, equip your new home with a CT Manufactured Home Insurance policy. Here are some important components to take into account before you purchase your home.

Features/Upgrades- Know what you want in a home; do research on the available manufacturers, options, floor plans, and features that are available to you in your price range. Although these features obviously cost more money, they will add value to your home in the long run. For example, these can include roofing, flooring, plumbing fixtures, and siding. Experts recommend choosing high quality faucets and sinks, each with a shut off valve to reduce water usage. A shingled roof that hangs over the side of the home will increase the longevity and ventilation of your home. Further, avoiding particleboard subfloors can deter against swelling and warping of floors over time.

Avoid Package Deals- Oftentimes, dealers will attempt to bundle multiple components into one package. For example, the company might lure you with offers to act as your real estate broker, insurance agent, mortgage company, etc. However, it is the buyer’s best interest to shop for each of these services independently. Similarly, if you feel as though the salesperson is putting unnecessary pressure on you, consider taking a step back. Purchasing a home is a long term commitment and getting the right price on the exact home you want is critical.

Beware of Warranty Traps- As many entities are involved in the producing and selling these homes, a warranty package might seem appealing to the buyer. However, the manufacturer, retailer, installer, and component producers are each responsible for separate parts of the home.  Bundling these can cause confusion as to who is liable when certain issues arise with your home. What’s more, moving or selling the home can cause your warranty to be voided in certain circumstances. Be sure to go through the fine details before making any big decisions.

Financing your Home- Mobile Home Living reminds you that these structures are typically financed as personal property rather than mortgage loans. Another component to consider: where you place your home could affect the equity. Bear in mind that owning the land is more beneficial than placing it in a rental community.

Considering these essential factors prior to purchasing your manufactured home can ease the stress of home buying. At Byrnes Agency, we understand the deliberations required for buying and insuring a manufactured home. We offer comprehensive coverage at an affordable rate in order to protect your property and your assets. To learn more, contact our specialists at one of our three locations.

If you’ve enjoyed what you’ve read here and would like to know when we’ve published a new blog post, please “like” us on our Facebook page, and share this with your Connecticut neighbors. 

Dayville Office

Phone: (860) 774-8549
394 Lake Rd
Dayville, CT 06241
United States
info@byrnesagency.com
Hours of Operation: Monday- Friday 9:00am-5:00pm

…………………………………………………………………………………………………………

Norwich Office

Phone: (860) 886-5498
6 Consumers Avenue
Norwich, CT 06360
United States
info@byrnesagency.com
Hours of Operation: Monday- Friday 9:00am-5:00pm

…………………………………………………………………………………………………………

Woodstock Office

Phone: (860) 928-7928
1226 Connecticut 169
Woodstock, CT 06281
United States
info@byrnesagency.com
Hours of Operation: Monday- Friday 9:00am-5:00pm

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

4 × two =